Sunday, June 17, 2012

News Links, June 18, 2012

## Global Ponzi meltdown/House of Cards ##Greece Races as Cash Dwindles With Europe Seeking Return to Cuts
"Greece's two traditional political rivals are in a race to forge an unprecedented coalition as the state's cash dwindles, bank deposits flee and Europe demands renewed austerity pledges before releasing more emergency aid."

## Global unrest/mob rule/angry people/torches and pitchforks ##Sudan police disperse student protest with teargas
"Sudanese riot police on Sunday used tear gas and batons to disperse a student protest in Khartoum against the government and high prices, witnesses said."

India was most power-less in April-May
"India suffered peak power shortage of close to 13,000 million units in April and May, as the thermal power plants struggled to maintain fuel stocks at a reasonable level."

"It is not a mistake that global solar capacity has begun a parabolic move. While many will conclude that demand is the main driver of this growth—and that is not incorrect—it is actually the increasing difficulty and complexity of other power generation construction which is now casting off advantages, to solar power."

## Intelligence/security/internet ##Fixing BYU's massive data crash will take months
"Some long-term effects of a major BYU computer system meltdown are still unknown after more than two weeks of around-the-clock work to repair damage from a failed software upgrade."

Power limited despite restarts
"Electricity supply is expected to be tight this summer despite the reactivation of two idled reactors, and utilities nationwide are concerned that their thermal power plants will break down while running full throttle."

'China' fund raises stakes in Japan firms: report
"OD05 Omnibus, an investment fund widely believed to be a Chinese government investment vehicle, has been increasing its stakes in Japanese companies including Toyota and Honda, a report said Sunday."